The Company Fact Sheet are offered to investors by Nasdaq in cooperation with Morningstar. Morningstar creates the factsheets and provides the majority of the content in these reports. The purpose of the Factsheets is to provide investors with more background information on the companies listed in the Nordics and Baltics. Through the service investors are given access to key financial data for the more than 800 companies traded on Nasdaq Nordic’s main markets and Nasdaq First North. These fact sheets do not constitute investment advice.
The Company Fact Sheet for a new company admitted to trading will include financial fundamental data after a couple of days of listing. The share performance graph shows end-of-month data and will be updated when there are sufficient data points after 1-2 months of listing.
For the methodology, please view the PDF 
Where does the data come from?
Morningstar collects and presents data via its own team of dedicated Data Analysts. The data is captured primarily from Audited source materials such as Annual Report and Accounts and mid-year financial releases. Morningstar uses a company’s balance sheet, income statement, statement of cash flow, and select footnotes to capture our data and Morningstar’s follow more than 38,000 publicly traded companies worldwide. Morningstar also actively tracks price affecting corporate actions to keep our data fully updated.
How frequently is the data updated?
Price and price derived data like performance is updated on a daily basis. The operating data (address, industry classification, business descriptions) is updated annually when the team receives an annual report. Morningstar also tracks company quarterly and half yearly results. As well as this, any corporate action which affects the business of the company would trigger an update to the data.
Why does the data differ from data that is published by the company or other sources?
A number of data points are calculated using raw data provided to Morningstar and by applying Morningstar’s own methodology to make these data points comparable across different companies.
What does the data in the charts reflect?
The chart represents in the vertical line the growth of 100 for the time period shown. The horizontal line you will find the single year in which this performance is computed. Corporate actions such as splits and dividends are included in the calculation as well as in the performance’ numbers for total return figures.
Why are different data points shown for banks and insurance companies?
Normally, when calculating a non-banking business’ free cash flow, Morningstar adds back non-cash charges to net income, adjust for changes in working capital (inventory, accounts receivable, accounts payable, etc.), and subtract capital expenditures. But because retail banks are in the business of buying and selling money, defining necessary metrics like debt and working capital becomes confusing at best. To provide more insight a more relevant set of data points is shown which is most clearly visible in the Financial Position table.
Why is not all historical fundamental data available for companies?
Morningstar strives to collect at least 5 years of history for all companies. For new companies and IPO's the aim is to collect at least 2 years of history. Note that not all IPOs can provide 2 years of history at time of launch. The current average coverage of fundamental data lies around 7 years. For most larger companies longer histories are available.
Why is sometimes data not available i.e. why is a “-“ shown?
The values might be derived values from other data points. For example in the case of growth rates no meaningful calculations can be made when the historical values have been negative. For example when derived values result in a value from -100 to 50 they will not get any growth value. See the Methodology FAQ for details on the individual calculations.
Some calculations require sufficient history to be available. For example a 10 years average can only be calculated if a full 10 year report history is available from say 2005 to 2015.
Some companies report 0.0 for certain data points for a few years while other years they don’t report anything at all. Morningstar tries to capture that reporting in the data.